Shareholders

Chief Executive Officer and any person appointed by the Directors to be the attorney of the Company, with such powers as they deem fit.

Judicial Reps:

Chief Executive Officer and any person appointed by the Directors to be the attorney of the Company, with such powers as they deem fit.

Secretary:

Dr Louis de Gabriele

Ownership Timeline

May 1991

The Company was set up with an issued share capital of 67,650,000 Ordinary shares of Lm0.20 (Eur 0.465874) per share. At the time it was fully owned by the Government of Malta.

July 2002

Government sold 27,060,000 ‘B’ shares (40% of its shareholding) to Malta Mediterranean Link Consortium Ltd.

December 2002

Government sold 13,530,000 ‘A’ Shares (20% of its shareholding) of Lm0.20 (Eur 0.465874) per share at the share price offer of Lm0.73 (Eur 1.70) to the general public.

November 2005

Government sold a further 13,530,000 ‘A’ shares (20% of its shareholding) of Lm0.20 (Eur 0.465874) per share at the share price offer of Lm1.40 (Eur 3.26) to the general public.

June 2010

The issued share capital of the Company was re-denominated from 67,650,000 Ordinary shares of Eur 0.465874 to 67,650,000 Ordinary shares of Eur 0.50 each by the capitalisation of Eur 2,308,624 from retained earnings, for the purpose of paying the difference between the current nominal value and the new nominal value. This led to an increase in the issued share capital of the Company from € 31,516,376 to € 33,825,000.

The Company then re-denominated the nominal value of the authorised share capital from Eur 0.50 to Eur 0.25 per share and subsequently changed the authorised share capital from 93,174,800 Ordinary shares of a nominal value of Eur 0.50 each share to 186,349,600 Ordinary shares of Eur0.25 each share.

Following the re-denomination of the authorised share capital, the issued share capital was re-denominated and converted from 67,650,000 Ordinary shares of Eur 0.50 each to 135,300,000 Ordinary shares of Eur 0.25 each.